The report highlights the company's commitment to sustainable finance and its progress in achieving net zero emissions by 2050. The company has facilitated over AED 33.4 billion (USD 9.1 billion) of sustainable financing in 2022, exceeding 12.1% of its 2030 USD 75 billion target. FAB is the first bank in the GCC to join the Net Zero Banking Alliance (NZBA) and the first bank in the MENA to join the Partnership for Carbon Accounting Financials (PCAF). The report also outlines the company's social responsibility initiatives, including its commitment to gender diversity, Emiratisation, and financial inclusion. The company has also established a strong governance model to oversee its ESG strategy and risk management.
Issuing Company First Abu Dhabi Bank (FAB)
Report Type Sustainability Report
Report Language EN
Report Filesize 3.31 MB
No. of Pages 75 pages
Reporting periodJanuary 1-December 31, 2022
Report EditionUnknown
Assurance Provider PricewaterhouseCoopers
Reporting Standards GRI 2021; Abu Dhabi Stock Exchange (ADX) ESG Disclosure Guidan...
Materiality Assessmenttrue
